Is Portland, OR 97229 a buyer’s or seller’s market?
Portland is a seller’s market. With about 3.6 months of supply and 22% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Competition score54/ 100
More competitive than 55% of U.S. ZIP codes, and #71 of 170 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply3.6Under 4 months = seller’s market
Sold above original list22.4%Share of sales, last 3 months
Median sale-to-list98.9%Sold price ÷ list price
Median days on market28Listing to accepted offer
Median price per sq ft$309▲ +0.1% vs. last year
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Nearby markets
Banks 97106Balanced $321 /sq ftBeaverton 97003Seller’s market $313 /sq ftBeaverton 97005Seller’s market $299 /sq ftBeaverton 97006Seller’s market $300 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology